Deloitte AI Institute Unveils the Artificial Intelligence Dossier, a Compendium of the Top Business Use Cases for AI – KPVI News 6

NEW YORK, Aug. 24, 2021 /PRNewswire/ -- TheDeloitte AI Institutetoday unveiled a new report that examines the most compelling business use cases for artificial intelligence (AI) across six major industries. The report, "The AI Dossier," helps business leaders understand the value AI can deliver today and in the future so that they can make smarter decisions about when, where and how to deploy AI within their organizations.

"The AI Dossier" illustrates use cases across six industries, including consumer; energy, resources and industrial; financial services; government and public services; life sciences and health care; and technology, media and telecommunications. For each industry, the report highlights the most valuable, business-ready use cases for AI-related technologies examining the key business issues and opportunities, how AI can help, and the benefits that are likely to be achieved. The report also highlights the top emerging AI use cases that are expected to have a major impact on the industry's future.

"Artificial intelligence has made the leap to practical reality and is quickly becoming a competitive necessity. Yet, amidst the current frenzy of AI advancement and adoption, many leaders are questioning what AI can actually do for their businesses," said Nitin Mittal, U.S. AI co-leader and principal, Deloitte Consulting LLP. "The AI Dossier can help these leaders understand the value AI can deliver and how to prioritize their investment in AI, today and in the future."

Deloitte's "State of AI in the Enterprise, 3rd Edition"study found that 74% of businesses are still in the AI experimentation stage with a focus on modernizing their data for AI and building AI expertise through an assortment of siloed pilot programs and proofs-of-concept, but without a clear vision of how all the pieces fit together. By contrast, only 26% of businesses are focused on deploying high impact AI use cases at scale, which is where AI can create real value.

"While AI adoption rates and maturity vary widely across industries, AI is driving new levels of efficiency and performance for businesses of all sizes," said Irfan Saif, U.S. AI co-leader, Deloitte Risk & Financial Advisory, and principal, Deloitte & Touche LLP. "Organizations have the opportunity to unlock the full potential of AI when they embrace it and deploy it at scale throughout their enterprise."

Six ways AI creates value for business

The report looks across all the industry-specific use cases to identify six major ways AI can create value for business:

The Deloitte AI Institute supports the positive growth and development of AI through engaged conversations and innovative research. It also focuses on building ecosystem relationships that help advance human-machine collaboration in the Age of With, a world where humans work side-by-side with machines.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500 and more than 7,000 private companies.Our people come togetherfor the greater good and work across the industry sectors that drive and shape today's marketplace delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 330,000 people worldwide connect for impact at http://www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/aboutto learn more about our global network of member firms.

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Deloitte AI Institute Unveils the Artificial Intelligence Dossier, a Compendium of the Top Business Use Cases for AI - KPVI News 6